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Stock impact report

Royce Micro-Cap Trust, Inc. (NYSE-RMT) Declares Fourth Quarter Common Stock Distribution of $0.21 Per Share

Royce Micro-Cap Trust, Inc. (RMT) 
Company Research Source: PR Newswire
NEW YORK, Dec. 3, 2018 /PRNewswire/ -- Royce Micro-Cap Trust, Inc. (NYSE-RMT) has declared a quarterly distribution of $0.21 per share on its Common Stock.  The distribution, optionally payable in additional shares of Common Stock, or in cash by specific stockholder election, is to be paid on December 27, 2018 to stockholders of record at the close of business on December 13, 2018 (ex-dividend on December 12, 2018).  The price of shares issued for reinvestment will be determined on December 20, 2018.The Fund has adopted a Distribution Policy of paying quarterly distributions on its Common Stock. Distributions are being made at the annual rate of 7% of the rolling average of the prior four calendar quarter-end net asset values (NAVs), with the fourth quarter distribution being the greater of 1.75% of the rolling average or the minimum distribution required by IRS regulations. The policy, including the annual rate, is subject to change at the discretion of the Fund's Board of Directors. Show less Read more
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